The AICPA submitted comments to the Internal Revenue Service on the proposed regulations regarding portability of the deceased spousal unused exclusion amount. The AICPA appreciated the guidance and said it was hopeful that Congress will permanently extend the portability rules to allow taxpayers and practitioners to rely on the rules in spousal estate planning. In addition, the AICPA is hopeful that Congress will allow the generation-skipping transfer tax exemption to be portable between spouses.

Poor Talent Management Stifling Innovation, Capping Financial Growth

Four in 10 C-suite executives around the world say their companies are missing performance targets and growth opportunities because of ineffective talent management, according to a new report for CGMAs by the AICPA and CIMA. “Talent Pipeline Draining Growth: Connecting Human Capital to the Growth Agenda” shows a need for better information to ensure companies fully harness the skills of their people.

New Video Highlights CPA Lawmakers

The AICPA State Regulatory and Legislative Affairs Team has developed a new video that highlights CPA lawmakers, their background and experience, and why they decided to run for elected office. The CPA state lawmakers highlighted in the video are: Ohio Lieutenant Governor Mary Taylor, CPA; Virginia Senator Walter Stosch, CPA; Maryland Delegate Brian Feldman, CPA; and Wisconsin Representative Dale Kooyenga, CPA.

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Did You Miss the Shout Out to CPAs During the Emmys?

If you missed the Emmys on Sept. 23, you missed a creative acknowledgement of the CPAs responsible for tabulating and guarding the Emmy votes. AICPA Insights has the video clip featuring cast members of “The Big Bang Theory” for your enjoyment.

“CPAs make a difference. From helping businesses make good decisions, to providing assurance and compliance to volunteering in the community, CPAs make the world a better place!”